NZME share surge despite flat earnings

NZ Herald Premium now has 83,000 paid digital-only subscribers, up 54% from last year. (Photo: supplied)

Wed, 23 Feb 2022

Media company NZME’s full year operating earnings for 2021 were in line with the prior year’s result at $66 million, despite a significant increase in digital revenue.The publisher reported full year revenue was up 9% at $365m in 2021, with digital revenue growing 37% to make up $79.5m of the total.NZME’s share price bounced nearly 10% (9.65%) to $1.25 within half an hour of NZX trading commencing this morning, recovering some of the ground lost since its peak for the last 12 months of $1.46, in December.Audio advertising on r...

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